Trump Confirms "Very Important" Meeting With Xi Jinping In Argentina

"We've already spoken and we're working very hard", Trump told reporters Friday in Buenos Aires, when asked about his upcoming meeting with the Chinese president.

The leaders of countries representing four-fifths of the global economy opened a two-day meeting in Argentina facing the deepest fractures since the first G20 summit convened 10 years ago in the throes of financial crisis.

This year's two-day gathering is seen as a major test for the G20 industrialized nations to assuage trade tensions amid surging nationalist sentiment in many member countries.

Wendy Cutler, a former U.S. trade negotiator now at the Asia Society institute in the United States, said the best to expect at the G20 would be a "ceasefire" as both sides agree to go back to talks. Washington and Beijing have imposed tariffs on hundreds of billions of dollars on each other's imports after Trump began an effort to correct what he views as China's unfair commercial practices.

Trump has scheduled a meeting with Chinese President Xi Jinping this week ahead of the potential implementation of a 25-percent import tariff on Chinese goods set to begin January 1.

"We can't resolve problems such as the future of work or climate change issues on our own", said Mr Macri.

"I think I understood you better in your language than I did on this". "If we can get any kind of trade indication in the coming weeks that there was a path to getting a deal done, I think people would be surprised how positively the market would react to that kind of news".

Mr Trump said he hoped they would reach a deal during their dinner in Buenos Aires to defuse trade disagreements and said he believed Beijing wanted this. The two were expected to meet Saturday amid a period of increased tensions between China and the United States. "Way, way, way above my pay grade", he said.

The G20 Summit offered Mr Morrison a final opportunity to take soundings with world leaders on his review of the position of Australia's embassy in Israel and whether it should be shifted to Jerusalem, as the Trump administration is doing. It also notes a recent United Nations report that warned damage from global warming will be much worse than previously feared, and expresses support for an upcoming United Nations climate meeting in Poland meant to nail down how countries will meet promises made in the Paris accord.

Trump and Xi were set to talk over dinner Saturday at the summit of world leaders in Argentina.

"There's some good signs", Trump added.

Kremlin reacts to canceled Trump-Putin meetingUkraine says Russian Federation is deliberately blockading Mariupol and another Ukrainian port on the Sea of Azov, Berdyansk. Relations between Washington and Moscow have been badly strained since Russia's annexation of Crimea from Ukraine in 2014.

Another major dispute at the WTO concerns the refusal by the European Union and the United States to recognise China as a "market economy" whose goods are fairly priced by the market.

Thomas Bernes of the Canada-based Centre for International Governance Innovation, who has held leading roles with the International Monetary Fund, the World Bank and the Canadian government, said the G-20 had "veered all over the road" at the summit and failed to truly fix trade. One French source said Macron was trying to build an anti-Trump front with a separate statement embraced by "progressive countries".

Ahead of the G20, White House economic advisor Larry Kudlow detailed what Trump wants out of China.

Yet, underlining that the new deal may not be quite the game-changer he professes, the signing will be executed by senior trade negotiators from the three countries rather than their leaders attending the G20.

After violent protests marred last year's G20 summit in Germany, Argentine police, coast guard and border patrols cordoned off a 12-square-kilometer (5-square-mile) area around the riverside Costa Salguero convention center.

Uncertainty prevailed about how Trump, known for his unpredictability, would behave at what was shaping up as one of the group's most consequential summits. He was initially scheduled to hold a bilateral meeting with Russian President VladimirPutin, but canceled it on Thursday, citing Russian aggression against Ukraine.

Meanwhile, a massive security operation is under way for the summit in the Argentine capital, Buenos Aires, where a bank holiday has been declared for Friday and the city's main business district has been shut down.

The US president began Friday with another Twitter blast defending his past business dealings in Russian Federation, a day after his ex-lawyer pleaded guilty to lying to Congress in the context of an investigation into allegations that Putin's government meddled to help elect Trump to the White House.

The three countries agreed a deal in principle to govern their trillion dollars of mutual trade after a year and a half of contentious talks concluded with a late-night bargain just an hour before a deadline on September 30.

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